Goldman Sachs slashes US economic growth forecast over weaker spending on services

CNN2021-07-27

New York (CNN Business)Goldman Sachs (GS) slashed its forecast for US economic activity in the second half of the year, pointing to sluggish consumer spending on services as well as the threats posed ...

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精彩评论

Chinleong
2021-07-27
Chinleong
Moderate control on inflation rise.
psphere
2021-07-27
psphere
hihi
T2021B
2021-07-27
T2021B
They don’t hv any more money to spend
Vin309
2021-07-27
Vin309
Okk
Ericson79
2021-07-27
Ericson79
Welldone
- SirBahamut:
  [Smile]
Junjunbiceps
2021-07-27
Junjunbiceps
So bad

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But fears around the Delta variant are keeping services spending down.\n\"The services categories where spending remains depressed are generally either associated with high virus risk, such as live entertainment events, or connected to office-based work, such as ground transportation or dry cleaners,\" Walker wrote.\nIn response, Goldman slashed its gross domestic product growth forecast, the widest measure of economic activity, by one percentage point in both the third and fourth quarters.\nBetween July and September, the Wall Street bank expected 8.5% annualized growth, before dropping to 5% in the last three months of the year. For the full year, Goldman predicts 6.6% GDP growth.\nFrom 2022 on, the pace of expansion will slow further, trending back toward the 1.5% to 2% annualized growth what the nation typically saw before the pandemic.\nEven though roughly half of Americans are fully vaccinated, cases are rising. 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